It means that you are losing employees at a high rate compared to others in your industry sector. It's normally expressed as a percentage. For example if your attrition rate is 30% you are losing around a third of your employees per annum
Our club has had a high rate of attrition because so many members have moved away.
Attrition rate in an organization refers to the rate at which employees leave the company over a certain period. It is a key metric that can indicate employee satisfaction, engagement, and overall organizational health. High attrition rates can impact productivity, morale, and ultimately the bottom line. Strategies to manage attrition rates include improving communication, offering growth opportunities, and creating a positive work environment.
Annual attrition is the actual attrition rate for a year or a period of years. Annualized attrition would be an extrapolation based on the portion of a year (for example, take the actual attrition for 6 months and double it to arrive at an annualized attrition rate).
An attrition rate is how many employees left a company in a period of time. To calculate the attrition rate of an organization, you would divide the average number who left by the average number that remained.
25%
12%
Attrition is a declining rate in the object being counted. Employee attrition occurs when employees retire or quit and no one is hired to full the position.
120%
Depends. There's a high attrition rate. Like any trade, it can be good, but it also requires a certain aptitude for it.
reduction of employees by reteirment, resignation...
Attrition rate % = (No of people moved out of the organisation during the period / Total no of people in the organisation during the period) * 100
increase in alpha value